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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (12142)	4/18/2004 10:36:47 PM
From: THE ANT	Read Replies (1) \| Respond to of 110194

I dont agree Lula will be out.Overnight rate is 16% and inflation 7%.As rates come down the country will boom(relative to what we know will happen in the coming bust)Of interest is that the central bank there is being to conservative.They are responding to cost push inflation as prices of raw materials are going up there to. I have a friend there that closed his iron mines a couple years ago as the ore was too low grade.When I was there 4 months ago he was reopening them with a million dollar Chinese contract in hand. I have been borrowing at 3.9% fixed and buying prime real estate there.Just as our wages will go down in coming years theirs will be going up.Great way to play this is real estate where rates are 9% real.In the long run income determines housing prices. Been reading this site since its first week.Its great.Thanks for all the posts guys.Will contribute on Brasil where I can